XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.1172 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.6122 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.6339 |
| Next High | 1.6122 |
| Current Price | 1.457800000 |
| Next Low | 1.1172 |
| 2nd Low | |
| 3rd Low |
1.6122 – 1.6339 – 1.9378 – 1.1172 – 1.5274 – 1.5879 —
1.331000000 – 1.534700000 —
52.290757278551 – 68.787454441294 —
– —
1.6122 – 1770192000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – – –